EPAM Systems, Inc.

EPAM Systems reported a 4.5% increase in Q2 2026 revenues to $1.41 billion and a 17% rise in net income to $103 million. For the first six months of 2026, revenues grew 6.0% to $2.81 billion, with net income up 14.8% to $185.5 million. The company experienced negative cash flow from operating activities of $38.8 million in H1 2026, a significant decrease from $77.4 million provided in H1 2025, and continued its cost optimization programs and share repurchases.

EPAM Systems, Inc. announced strong second quarter 2026 results, with revenues increasing 4.5% year-over-year to $1.415 billion. Both GAAP and non-GAAP diluted EPS saw significant increases, rising 26.3% to $1.97 and 22.0% to $3.38, respectively. The company also improved its profitability, with GAAP income from operations reaching 10.8% of revenues and non-GAAP income from operations at 16.4%. EPAM continued its capital return program, repurchasing $85 million in shares during the quarter, and updated its full-year 2026 guidance, expecting revenue growth of 3.2% to 4.2% and non-GAAP diluted EPS in the range of $13.08 to $13.24.

EPAM Systems' stockholders approved key proposals at the 2026 Annual Meeting, including an amendment to the company's charter to grant stockholders the right to call a special meeting. Additionally, they approved increasing the shares available under the 2025 Long Term Incentive Plan by 4,000,000 and the 2021 Employee Stock Purchase Plan by 650,000. The stockholders also elected four Class II directors and ratified Deloitte & Touche LLP as the independent auditors.

EPAM Systems reported a 7.6% increase in Q1 2026 revenue, reaching $1.40 billion, with net income rising 12.3% to $82.5 million and diluted EPS growing 18.8% to $1.52. However, the company experienced a significant shift to negative operating cash flow of $36.4 million and a substantial increase in long-term debt to $165.0 million. EPAM also repurchased $324.0 million in common stock during the quarter, alongside ongoing cost optimization programs.

EPAM Systems reported strong first-quarter 2026 results with revenues increasing 7.6% year-over-year to $1.400 billion and GAAP diluted EPS rising 18.8% to $1.52. The company also updated its full-year 2026 guidance, now expecting revenue growth of 4.0% to 6.5% and non-GAAP diluted EPS in the range of $12.98 to $13.28. EPAM continued its capital return program, repurchasing $324 million in stock during the quarter, but reported negative cash flow from operations.